Here is the rundown on market activity for American Assets Trust, Inc. Com (NYSE:AAT). Ernest S. Rady, Chairman bought $1,728,308 worth of shares at a price of $40.24 on Fri the 9th. The Chairman now owns $29,678,046 of the stock as reported to the SEC. Ernest S. Rady, Chairman reported the purchase of 71,110 shares of AAT stock. The shares sold for $39.73. The Chairman now owns $27,595,504 of the stock per the Form 4 SEC filing.
Chairman Ernest S. Rady purchased 31,200 shares at a price of $39.11 on May 31st. That brings Rady’s holdings to $24,383,755 as recorded in a recent Form 4 SEC filing.
American Assets Trust, Inc., launched on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets. The Company operates in four business segments: retail, office, multifamily and mixed-use. As of December 31, 2016, the Business’s portfolio consisted of 11 retail shopping centers; seven office properties; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center, and five multifamily properties. Additionally, as of December 31, 2016, the Company owned land at four of its properties that it classified as held for development and construction in progress. Its markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii..
These funds have also shifted positions in (AAT). As of the end of the quarter Morgan Stanley had bought 200 shares growing its holdings by 24.2%. The value of the company’s investment in American Assets Trust, Inc. Com increased from $36,000 to $43,000 increasing 19.4% since the last quarter. Westpac Banking Corp bolstered its stake by buying 5,200 shares an increase of 6.4%. Westpac Banking Corp now holds 86,400 shares worth $3,614,000. The value of the position overall is down by 25.2%.
As of quarter end Goldman Sachs Group Inc had acquired a total of 3,707 shares growing its stake by 28.0%. The value of the investment in (AAT) went from $571,000 to $709,000 a change of 24.2% for the reporting period. Janus Capital Management LLC trimmed its position by shedding 2,637 shares a decrease of 5.4% as of 03/31/2017. Janus Capital Management LLC owns 45,787 shares with a value of $1,916,000. The total value of its holdings decreased 8.1%.
On November 7, 2016 the stock rating was changed to a “Buy” by Mizuho which was a boost from the previous “” rating. On July 18 the stock rating was downgraded to “Neutral” from “Buy” in a statement from Mizuho Securities.
On April 13 analysts at Mizuho Securities added the stock to its research portfolio by announcing an initial rating of “Buy” and a price target of $46.00. On December 8 MLV & Co. kept the company rating at “Buy” but raised the price target from $41.00 to $42.00.
On February 28 the company was downgraded from “Market Outperform” to “Market Perform” and a price target of $36.00 was set in a report issued by JMP Securities.
The company is so far trading up from yesterday’s close of $40.05. American Assets Trust, Inc. Com also declared a dividend payable on Thursday the 29th of June 2017. The dividend will be $0.260 per share for the quarter or $1.04 annualized. The dividend yield will be $2.63. The ex-dividend date will be Tuesday March 14th, 2017.
Shares are trading at $40.52 marginally under $40.68, the 50 day moving average and which is a tad under the 200 day moving average of $42.05. The 50 day moving average moved down $-0.16 and the 200 day average went down by -3.65%.
The P/E ratio is currently 57.15 and market capitalization is 1.91B. As of the latest earnings report the EPS was $0.71 and is projected to be $0.77 for the current year with 47,113,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.22 with next year’s EPS projected to be $0.94.